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20121201
20121231
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to resolve the looming fiscal cliff crisis. president obama is ending his out vacation in hawaii today to make a late bid to reach a deal before the year and. the white house that he should be back in washington tomorrow when house and senate members are expected to reconvene. new this morning a car bomb had outside the u.s. base in eastern afghanistan has killed three people and injured six civilians. afghanistan police say the blast killed a security guard and two truck drivers delivering supplies. the tal bang claims responsibility for the attack which happened after a minibus stop at a deep for a security check. the international security assistance for says the base has been secured. if sampras as the woman will be arraigned today on charges of vehicular manslaughter that killed one pedestrian and injured two others in the twin peaks area. the 56 year-old died last week after a car hit her at the twin peaks lookout point. police say the driver was intoxicated. the victim's son told us he doesn't want another family or to suffer through this bad as they feel all because someone dra
and the president to get their act together. the president took a red eye flight back from hawaii. why did congress and the president go on raication at all. >> yeah, we all go to work. >> there is nothing on the table . kelley. >> a lot of people feel they are left in the lurch by the president and congress. and they didn't get the job done . here's what we are facing. we are teetering on the edge of the fiscal cliff. there are many members in congress who disaagree raising of tax. the president had gone up to $400,000 when house speaker boehner would raise the tax hikes . but the sticking point is enments and spending. >> clayton: the republicans saying that the president and democrats not forth coming enough on entitlements. here's what will unfold in a few short days as we break this down to you. >> put your seat belts on, people. >> clayton: tax rates will hit these numbers and you go up to 120,000 . you will see 31 percent up to 36 percent . in these tax rates as they climb up. >> here's the bottom line. average tax rate of 2,000 to $4000. it is an additional 13,944 . millionaire's status whi
's not forget the reason president obama is returning from hawaii early. the fiscal cliff. consumers are nervous that lawmakers will be unable to reach a deal. >> samsung is seeking a ban on the import and sale of some erickson products and the u.s., escalating a dispute over patent fees. the complaints at the trade commission followed a dispute over mobile technology patents that erickson bought before a u.s. district court after the two sides failed to agree on licensing terms. in november, erickson said the samsung is seeking to drastically reduce the fee it pays to license patents. >> facebook has poked its way into ranks of mobile apps yet again. the social media company put smaller developers on notice last week with a lot of this new poke app for iphone. the app mimics snaped chance, a popular ab with teens that allow users to send images that self destruct moments after the recipient use it. poke immediately rose to #one on the iphone. thanks to the aggressive mobil development and cutthroats competitiveness, facebook owned three of the top-10 iphone apps of 2012. the other two are the f
today. the president is pulling the plug on his trip to hawaii to tend to urgent matters in washington. with tax hikes looming in less than a week, he's scheduled to return to the white house tomorrow, just as a deadlocked congress reconvenes days ahead of the so-called fiscal cliff. you're just six days from feeling this. now, first hit is coming on january 1st when your take home pay will drop by 2% because of a scheduled hike in the social security payroll tax. that's just the start. income taxes are set to climb too. and you'll notice that when employer gets to around the adjusted withholding, the government spending cuts, those are also scheduled for january 1st and bound to slow the economy and some argue they'll weaken the military. congress has seen this coming, but an effort to limit the damage failed last week. republican house speaker john boehner could not persuade enough members of his party to let tax rates rise on incomes over a million dollars while sparing everyone else. dana bash is our senior congressional correspondent. dana, this time tomorrow, the president is sup
morning. >> reporter: well, good morning, rebecca. the president boarded air force one in hawaii early this morning and headed back to washington to deal with the so-called fiscal cliff. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, the president wants congress to take the lead in getting the job done. the senate convenes later today and majority leader harry reid has told members to be prepared to work on fiscal cliff issues through the weekend. reid is working on his own plan to get members to come together before the end-of-the-year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short-term spending cuts instead of the massive cuts that would occur if there is no deal. after a wednesday conference call, house republican leaders issued a statement saying they're waiting for the democratic-controlled senate to act. adding to an already volatile situation, treasury secretary tim geithner in a lette
. on to the fiscal cliff this morning. the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with him. or perhaps if he wants to visit with anybody else. the consensus seems to be if you get some sort of a deal, it's obviously not going to be the big deal. it will simply be something that extends the tax cuts for the vast majority of americans, at least those earning less than $250,000 a year. the consensus seems to be, carl, that if we don't get a deal by the second or third or fourth week, the super bowl week, we'll start to feel it in the economy. >> we had a notable sell-off. there is typically a bias on christmas eve, but the worst christmas eve performance for t
to hawaii. the president may not go to hawaii -- >> come on. >> oh, stop it right now. >> there's no way. he's got to go to hawaii. it's his home! he was born there whether trump believes it or not. >> majority leader reid says he doesn't believe there will be a deal by christmas. >> partly because of the mechanics. another incentive, we're told if the deal stretches out, if there's no deal, if they're trying to fight over the fiscal cliff in january, senate democrats will be less eager to take on susan rice as the secretary of state nominee. they've said the president would win that fight. they don't want to worry about the massachusetts seat. but if they have all this stuff swap into january. >> a related issue -- >> no, i have a feeling this is not going to be related at all. >> very related. willie, what do you think the life expectancy is in new york city? >> male or female or just overall? >> anybody. what would you think? >> i'll say 81. >> it's 81. >> is it really? >> howard wolfson just tweeted -- >> i made that up. >> move to new york city. it is a remarkable thing. >> thanks. >> t
. if you live in new york or boston you will find the mid 200s. even hawaii, you will lose all your crew today because in january, newark to honolulu, by the time you get there, it will be all gone but $419. >> you are going to lose a great deal. we have a little time. i want to get quickly, first class domestic fares, you can get a good deal and fly up front. quickly. >> check three bags for free. washington d.c. to fort lauderdale looking at 439, 6 foot tall or five foot tall, extra legroom, i could drink that kind of beverage for that kind of phrase. in new york 500, even san juan, pr out of dallas and chicago, first class, mid seven hundred range. shibani: you had a vacation. thanks very much. looking forward to your palm tree shirts in return. see you soon. dennis: is 14 minutes till. stocks every 15 minutes. the dow looking bad here. nicole: looking great on wall street today as far as the numbers if you are bullish out there and hoping for some strong finish the day after christmas. here is on look at the dow jones industrials down 55 points. a majority of names have been under pr
, when the president is supposed to head to hawaii on his christmas vacation, all of this could slide. the real deadline is the end of the year, but they really need to strike a deal by christmas. and even doing that, have been waiting as long as that is something that could really roil the market. so it's also important that they do it before then, ted. >> yeah, well, hopefully the threat of missing their vacation will push them to work harder. >> it works sometimes. >> sure. brianna keilar for us this morning at the white house. brianna, thank you. this morning, some calming words on syria amid fears that the crumbling regime there could unleash chemical weapons on its own people, just days after the u.s. and other countries warned embattled president bashar al assad against such action. defense secretary leon panetta says syria may be backing away from that threat. here is what panetta said earlier this morning aboard a flight to kuwait city. >> we haven't seen anything new indicating, you know, any aggressive steps to move forward in that way. but we continue to monitor it very cl
.com/drive. >>> president obama is heading back from his holiday vacation in hawaii early in case there is a last-minute deal. the senate returns from christmas break tomorrow. house leaders say they're prepared to call members back if there is an agreement. joining us to talk about this is john avalon. he's a senior political columnist for "newsweek" and "the daily beast." we're here again. it's like groundhog day. we don't think there's going to be any kind of grand bargain at this point. what are the short-term measures? what's the best thing to hope for in the next six days? >> the best thing we can hope for is they get back to work again, suzanne. from all reports leadership isn't even talking to each other at this point. so it really is urgent. with six days left, the clock is ticking and the countdown is going on. this is not something abstract on the washington level. people need to appreciate if the country goes over the fiscal cliff, it will impact the bottom line as well. money out of their pocket in the form of tax hikes. >> we have stop gap measures. there are some things they can do
out here to hawaii for the holidays. he and the first lady went to visit some troops at a u.s. marine base here, and he had a very simple, direct message. take a listen. >> so we know that it's not easy, but what we also want you to know is that you have the entire country behind you, and all of us understand that we would be nowhere without the extraordinary service that you guys provide. >> reporter: now, after the red eye flight tonight the president will be landing in the washington area early thursday, likely meeting with congressional leaders at some point later this week into the weekend. interesting, after a long flight like that, he'll probably need some coffee. starbucks revealing it's going to be having its employees to write "come together" on their coffee cups in their washington, d.c. shops trying to inspire folks in both parties to work out differences. we'll see whether or not this has any influence on both sides. gregg: i really didn't hear anything you said because i was looking agent -- at the beautiful diamondhead in the background. [laughter] tell our viewers what
. the president can step up and say hey, i don't want to go over the cliff. harry reid can come back from hawaii and actually go back to work. we can make that happen. we don't have to raise tacks on anyone. but what we know what we have to do is actually focus on the problem. and i think most americans are starting to understand, washington is trying to convince us that they're not taxing enough. everybody knows $1.3 trillion deficit is not a tax problem. >> congressman, again, i agree with you, but we also live, if you see "lincoln" or see what's happened over the past 200 years, we live in a divided government. that's our constitutional republic. and there are going to be tax increases. and if you do nothing, there are going to be tax increases on january the 1st. wouldn't you rather shape it than just let taxes go for everybody on january the 1st? >> that's a great question for december 31st. and that might happen. but again, where are the spending reductions? where are the entitlement reforms out of harry reid and the president of the yaunited states? i disagrees with boehner caving on taxe
Search Results 0 to 11 of about 12